DALLAS, Jan. 30,
2025 /PRNewswire/ -- NexPoint Diversified Real Estate
Trust (NYSE: NXDT) ("NXDT" or the "Company") announced today the
launch of a continuous public offering of up to 16,000,000 shares
of its newly designated 9.00% Series B Cumulative Redeemable
Preferred Shares (the "Series B Preferred Shares") at a price to
the public of $25.00 per share, for
gross proceeds of $400 million.
NXDT is a diversified real estate investment trust (REIT) that
is focused on the acquisition, development, and management of
opportunistic and value-add investments throughout the United States across multiple sectors
where NexPoint and its affiliates have operational expertise. The
Company intends to use the net proceeds to fund investment
opportunities within these core sectors and for general corporate
purposes
The Series B Preferred Shares are being offered by NexPoint
Securities, Inc., an affiliate of the Company that is serving as
the Company's dealer manager, on a "reasonable best efforts"
basis.
The Company expects that the offering will terminate on the
earlier of the date the Company sells all 16,000,000 of the Series
B Preferred Shares in the offering or August
1, 2027 (which is the third anniversary of the effective
date of the Company's registration statement), which may be
extended by the Company's board of trustees in its sole discretion.
The board of trustees may elect to terminate this offering at any
time.
The offering is being conducted as a public offering under the
Company's effective shelf registration statement, filed with the
SEC (File No. 333-280954), which became effective on August 1, 2024. There is no public market for the
Series B Preferred Shares and the Company does not intend to apply
for a listing of the Series B Preferred Shares on any national
securities exchange. To obtain a copy of the final prospectus
supplement and the related base prospectus for this offering,
please contact by mail, telephone or email: NexPoint Securities,
Inc., member FINRA/SIPC, 200 Crescent Court, Suite 700,
Dallas, Texas, 75201, Attn:
Investor Relations, telephone: (833) 697-7253, or email:
ir@nexpoint.com. You may also get these documents for free by
visiting EDGAR on the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
other jurisdiction.
About NexPoint Diversified Real Estate Trust
NexPoint Diversified Real Estate Trust is an externally advised,
publicly traded, diversified REIT focused on the acquisition,
development, and management of opportunistic and value-add
investments throughout the United
States across multiple sectors where NexPoint and its
affiliates have operational expertise. NXDT is externally advised
by NexPoint Real Estate Advisors X, L.P. For more information,
please visit nxdt.nexpoint.com.
About NexPoint
NexPoint is a multibillion-dollar
alternative investment firm based in Dallas, Texas. The
firm is structured around three major business areas: real
estate, corporate credit and equities, and insurance
solutions. NexPoint's businesses span asset classes, industries,
and strategies, providing the flexibility to invest across capital
structures and market environments. Serving a diverse client base,
NexPoint's investment strategies are offered in a range of vehicles
and fund structures, including mutual funds, public and private
REITs, tax-advantaged vehicles, private funds, and separate
accounts. For more information, visit nexpoint.com.
Forward-Looking and Cautionary Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements include statements regarding the
termination of the offering, the Company's intent not to list the
Series B Preferred Shares and other statements identified by words
such as "expect," "intend," the negative version of these words and
similar expressions that do not relate solely to historical
matters. Forward-looking statements are based on NXDT's current
expectations and assumptions regarding capital market conditions,
NXDT's business, the economy and other future conditions.
Forward-looking statements are subject to risks, uncertainties and
assumptions and may be affected by known and unknown risks, trends,
uncertainties and factors that are beyond NXDT's control. Should
one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those anticipated, estimated or projected.
Important factors that could cause actual results to differ
materially from those in the forward-looking statements include
regional, national or global political, economic, business,
competitive, market and regulatory conditions, and those described
in greater detail in our filings with the Securities and Exchange
Commission, particularly those described in our Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q. Readers should not
place undue reliance on any forward-looking statements and are
encouraged to review the Company's Annual Report on Form 10-K and
the Company's other filings with the SEC for a more complete
discussion of risks and other factors that could affect any
forward-looking statement. Any forward-looking statement made in
this press release speaks only as of the date on which it is made.
NXDT undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as required by law.
CONTACTS:
Investor Relations
Kristen
(Thomas) Griffith
IR@nexpoint.com
Media Relations
comms@nexpoint.com
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SOURCE NexPoint Diversified Real Estate Trust
